Fri, Jul 11, 2014, 5:26 AM EDT - U.S. Markets open in 4 hrs 4 mins

Recent

% | $
Quotes you view appear here for quick access.

Inergy, L.P. Message Board

  • wareham2620 wareham2620 Dec 18, 2008 2:43 PM Flag

    The street 12/14/08

    RECOMMENDATION
    We rate INERGY LP (NRGY) a HOLD. The primary factors that have impacted our rating are mixed - some
    indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a
    positive or negative performance for this stock relative to most other stocks. The company's strengths can
    be seen in multiple areas, such as its robust revenue growth, good cash flow from operations and notable
    return on equity. However, as a counter to these strengths, we also find weaknesses including a generally
    disappointing performance in the stock itself, deteriorating net income and generally poor debt management.
    HIGHLIGHTS
    Despite its growing revenue, the company underperformed as compared with the industry average of 30.1%.
    Since the same quarter one year prior, revenues rose by 24.6%. This growth in revenue does not appear to
    have trickled down to the company's bottom line, displaying stagnant earnings per share.
    Net operating cash flow has increased to $32.80 million or 33.87% when compared to the same quarter last
    year. The firm also exceeded the industry average cash flow growth rate of 22.89%.
    INERGY LP reported flat earnings per share in the most recent quarter. Stable earnings per share over the
    past year indicate the company has sound management over its earnings and share float. However, the
    consensus estimates suggest that there will be an upward trend in the coming year. During the past fiscal
    year, INERGY LP reported lower earnings of $0.71 versus $0.72 in the prior year. This year, the market expects
    an improvement in earnings ($1.09 versus $0.71).
    The company, on the basis of change in net income from the same quarter one year ago, has significantly
    underperformed compared to the Oil, Gas & Consumable Fuels industry average, but is greater than that of
    the S&P 500. The net income has decreased by 17.0% when compared to the same quarter one year ago,
    dropping from -$28.30 million to -$33.10 million.
    Currently the debt-to-equity ratio of 1.74 is quite high overall and when compared to the industry average,
    suggesting that the current management of debt levels should be re-evaluated. Along with this, the company
    manages to maintain a quick ratio of 0.33, which clearly demonstrates the inability to cover short-term cash
    needs.

 

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.